XML 66 R56.htm IDEA: XBRL DOCUMENT v3.21.2
FAIR VALUE OF FINANCIAL INSTRUMENTS (Carrying Amount and Estimated Fair Values of Financial Instruments) (Details) - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Financial assets:    
Debt securities available for sale $ 603,168 $ 266,096
Securities held to maturity 2,074 2,827
Other investments    
Other Investments 11,998 11,597
Financial liabilities:    
Noninterest-bearing demand deposits 2,803,823 1,726,135
Carrying Amount    
Financial assets:    
Cash and due from banks 32,660 8,692
Overnight deposits 1,824,820 855,613
Debt securities available for sale 603,168 266,096
Securities held to maturity 2,017 2,760
Equity investments 2,289 2,313
Loans, net 3,565,167 3,101,646
Other investments    
FRB Stock 7,430 7,381
FHLB Stock 3,070 2,718
Disability Fund 1,000 1,000
Time deposits at banks 498  
CRA - CD   498
Accrued interest receivable 13,504 13,249
Financial liabilities:    
Noninterest-bearing demand deposits 2,803,823 1,726,135
Money market and savings deposits 2,571,707 2,011,409
Time deposits 82,039 92,062
Trust preferred securities payable 20,620 20,620
Subordinated debt, net of issuance cost 24,698 24,657
Accrued interest payable 448 712
Secured Borrowings 35,559 36,964
Total Fair Value    
Financial assets:    
Cash and due from banks 32,660 8,692
Overnight deposits 1,824,820 855,613
Debt securities available for sale 603,168 266,096
Securities held to maturity 2,074 2,827
Equity investments 2,289 2,313
Loans, net 3,592,347 3,094,998
Other investments    
Disability Fund 1,000 1,000
Time deposits at banks 498  
CRA - CD   498
Accrued interest receivable 13,504 13,429
Financial liabilities:    
Noninterest-bearing demand deposits 2,803,823 1,726,135
Money market and savings deposits 2,571,707 2,011,409
Time deposits 82,610 93,157
Trust preferred securities payable 20,002 20,011
Subordinated debt, net of issuance cost 25,438 25,375
Accrued interest payable 448 712
Secured Borrowings 35,559 36,964
Interest Rate Cap | Carrying Amount    
Other investments    
Derivative Asset 2,086  
Interest rate cap derivative   770
Interest Rate Cap | Total Fair Value    
Other investments    
Derivative Asset 2,086  
Interest rate cap derivative   770
Fair Value, Inputs, Level 1    
Financial assets:    
Cash and due from banks 32,660 8,692
Overnight deposits 1,824,820 855,613
Equity investments 2,289 2,313
Other investments    
Time deposits at banks 498  
CRA - CD   498
Financial liabilities:    
Noninterest-bearing demand deposits 2,803,823 1,726,135
Money market and savings deposits 2,571,707 2,011,409
Accrued interest payable 3 7
Secured Borrowings 0  
Fair Value, Inputs, Level 2    
Financial assets:    
Debt securities available for sale 603,168 266,096
Securities held to maturity 2,074 2,827
Other investments    
Disability Fund 1,000 1,000
Accrued interest receivable 717 414
Financial liabilities:    
Time deposits 82,610 93,157
Subordinated debt, net of issuance cost 25,438 25,375
Accrued interest payable 337 591
Secured Borrowings 35,559 36,964
Fair Value, Inputs, Level 2 | Interest Rate Cap    
Other investments    
Derivative Asset 2,086  
Interest rate cap derivative   770
Fair Value, Inputs, Level 3    
Financial assets:    
Loans, net 3,592,347 3,094,998
Other investments    
Accrued interest receivable 12,787 12,835
Financial liabilities:    
Trust preferred securities payable 20,002 20,011
Accrued interest payable 108 $ 114
Secured Borrowings $ 0